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Six months after first announcing a deal, bankrupt Detroit is still struggling to secure a key debtor-in-possession loan with Barclays.
March 14
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Municipal bond funds' inflows more than doubled for the week ending March 13, surging to $223.79 million from $99.48 million the week before.
March 14 -
Private activity bonds for water and wastewater projects would be exempt from state volume caps under bipartisan legislation introduced in Congress on Thursday.
March 14
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Bond Buyer indexes showed softening in the week ended March 13 as Treasury values climbed.
March 13 -
Tax-exempt money market funds generated $1.98 billion of inflows as total net assets grew to $270.62 billion in the week ended March 10, according to The Money Fund Report, a service of iMoneyNet.com.
March 13 -
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"One of these things does not belong" is a catchy slogan and it comes to mind when looking at the latest tax policy ideas coming from Washington when looking at the municipal bond tax exemption. The exemption is not a result of the growth of a tax code designed to induce or reduce certain behaviors. Rather, it is the foundation for the flow of capital in a $3.7 trillion dollar market required to efficiently finance the nation's infrastructure.
March 12
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The Transportation Department may have to begin rationing state highway grants in July as the Highway Trust Fund is expected to dip below the critical $4 billion mark by summer.
March 12
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Buoyed by record ridership in 2013, public transit advocates want their fair share of funding from Washington in the next multi-year surface transportation bill.
March 11
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Detroit's high-profile battle with its bondholders will likely have limited impact in the national market, as general obligation pledges vary widely across the country, Moody's Investors Service said in a new report.
March 11
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The bankruptcy litigation surrounding Detroit's general obligation bonds is unlikely to have a broad legal impact on the meaning of the GO pledges in bonds nationwide, says Moody's Investors Service in a report.
March 11 -
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While much of Puerto Rico's $3 billion general obligation bond issue Tuesday may be scooped up by nontraditional muni buyers such as hedge funds, retail investors in one case have actually been restricted from buying the island's new debt.
March 10 -
Construction associations and labor unions have formed a grassroots coalition to pressure Congress for additional investment in transportation infrastructure.
March 10
